Peter Johnson, Realtor

Century 21 Realty Partners

9385 Hickory Hills Dr
Montgomery, TX 77316


Cell: 936-524-4397   
Phone: 936-524-4397 
Fax: 832-934-2292

Housing Trends

February 2017

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National market update

Existing-Home Sales Jump in January

WASHINGTON (February 22, 2017) — Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of Realtors®. All major regions except for the Midwest saw sales gains last month.



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Trump's Congressional Address: What Matters to Real Estate

In his address to Congress on Tuesday night, President Donald Trump renewed his pledge to rebuild the country's infrastructure, replace the Affordable Care Act, and reform taxes for businesses and individuals—all issues of importance to real estate.



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National housing indicators

Existing home sales (January)

5.69 millions units*

Existing home median price (January)

$228,900

Housing Starts (January)

1.246 millions units*

New home sales (December)

0.536 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

3rd Quarter 2016

+63.5%

3rd Quarter 2015

+63.8%

The homeownership rate of 63.7 percent was not statistically different from the rate in the fourth quarter 2015 (63.8 percent) or the rate in the third quarter 2016 (63.5 percent).

New home sales

Jan 2017

+3.7%

Dec 2016

-10.4%

Sales of new single-family houses in January 2017 were at a seasonally adjusted annual rate of 555,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.7 percent (±18.5 percent)* above the revised December rate of 535,000 and is 5.5 percent (±25.4 percent)* above the January 2016 estimate of 526,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Peter Johnson, Century 21 Realty Partners

Montgomery County Single Family Home Sales were the same in Jan. 017 with 470 Homes Sold VS 470 in Jan. 016. The average single family home prices rose (+27.1%) or $398,201 VS $303,066 in Jan. 016. Inventories (listings) are up in Jan. 017 VS Jan. 016 (+6.9%) (see link) Read more

The Houston Real Estate and single family Housing Market carried a positive momentum from a record 2016 sales year into Jan. and Feb. 2017 with both a rise in sales and pricing(see Link). New Jobs and higher inventories are credited for this upswing Read more

Houston Single Family home sales rose (+4.0%) in Feb 017 with 4,933 sold VS 4,743 in Feb 016. Average home prices rose in Feb 017 (+6.7%)to $280,175 VS $262,546 in Feb 016. Rentals increased in Feb. 017 Read more

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Existing Home Statistics

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